Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Tirz topic
No spam. Unsubscribe anytime.
Canyon Falls TIRZ No. 1 budget includes $1.5M bond proceeds for retaining wall; approved unanimously
Summary
Council, acting in TIRZ No. 1, approved the Canyon Falls proposed budget with estimated revenues of $1.7 million (including $1.5 million in bond proceeds for a retaining wall), property tax receipts of $560,000 and planned expenditures of $3.6 million; ending fund balance was estimated at about $11,000.
The TIRZ No. 1 (Canyon Falls) board approved its proposed FY2025–26 budget, with staff reporting estimated revenues of $1,700,000, including $1,500,000 in bond proceeds earmarked to help repair a retaining wall in Canyon Falls; property tax revenues were reported at $560,000 and total planned expenditures at $3,600,000.
John, town staff, said the original document mistakenly listed the bond proceeds at $1.1 million; it was updated to $1.5 million. He estimated an ending fund balance of roughly $11,000 after the planned expenditures. A motion to approve the TIRZ No. 1 proposed budget was made and carried unanimously.
No public comment was made during the TIRZ No. 1 public-input period prior to the motion. The TIRZ No. 1 board adjourned after the vote.
